Fonix Mobile (LON:FNX) Stock Price Down 1.3% - Should You Sell?

Key Points

• Fonix Mobile's stock price fell by 1.3%, trading at GBX 221.05 ($2.97) with an increase in trading volume of 76% compared to its average.
• Analysts at Canaccord Genuity Group maintain a "buy" rating for Fonix Mobile, setting a price target of GBX 293, with a consensus rating of "Buy" from investment analysts.
• The company operates in mobile payments and messaging services, serving notable clients such as ITV, Bauer Media, and BT. Its market capitalization stands at £219.04 million.

Shares of Fonix Mobile plc (LON:FNX - Get Free Report) were down 1.3% during mid-day trading on Wednesday . The stock traded as low as GBX 221.05 ($2.97) and last traded at GBX 221.05 ($2.97). Approximately 241,249 shares changed hands during trading, an increase of 76% from the average daily volume of 136,905 shares. The stock had previously closed at GBX 224 ($3.01).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a "buy" rating and set a GBX 293 price target on shares of Fonix Mobile in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, Fonix Mobile currently has a consensus rating of "Buy" and an average price target of GBX 293.

Fonix Mobile Stock Down 1.3%

The stock has a market capitalization of £219.04 million, a P/E ratio of 2,009.55 and a beta of 0.67. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.17 and a quick ratio of 1.16. The stock's fifty day moving average is GBX 219.36 and its two-hundred day moving average is GBX 213.64.

About Fonix Mobile

Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce. Based in London, Fonix is a fast growth business driven ITV, Bauer Media, BT, Global Radio, Comic Relief and Children in Need to name a few.

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